UPDATE: DeeThree Exploration Enjoys Afternoon Rally As Announces Significant Brazeau Well
DeeThree Exploration Ltd. (DTX.TO) is enjoying sharp gains in the afternoon, rallies 12% to $2.73 with more than 1.7 million shares changing hands after announcing earlier that it is very pleased with the results from its Brazeau Belly River development program, more than doubling the production potential from the field with the four wells it has drilled to date. It has continued to improve its drilling results through increased geotechnical knowledge and operational efficiencies. As a result of its success in the area, the company said it will increase the pace of the development of the property by bringing in a second rig by the end of January 2012.
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